Unpresented cheques and outstanding lodgements when reconciling bank
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Shelby111
Registered Posts: 21 New contributor 🐸
Hi, when I'm reconciling the bank statement and matching transactions on Sage 50, what do I do with amounts left at the top because they haven't come into the bank yet?
I obviously don't match them but do I have to send them somewhere else or leave them at the top there and reconcile anyway?
I obviously don't match them but do I have to send them somewhere else or leave them at the top there and reconcile anyway?
0
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Hi,
I use Sage One, but the task is the same. I usually don't do anything with those left unreconciled, as long the difference is zero, this should be fine to perform your bank reconciliation.
hope this helps.
Alessio0 -
Thank you for your reply, that's good to know, I will run through it again and check the difference. I suppose they stay where they are until they have cleared and show in the next bank statement and then can be matched.Alessio_Bardino said:Hi,
I use Sage One, but the task is the same. I usually don't do anything with those left unreconciled, as long the difference is zero, this should be fine to perform your bank reconciliation.
hope this helps.
Alessio
Thanks again0
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